YONGDONG(002753)2025-04-25 16:15Financial Performance - The company's operating revenue for 2024 was approximately ¥4.23 billion, a decrease of 7.35% compared to ¥4.56 billion in 2023[20]. - Net profit attributable to shareholders for 2024 was approximately ¥111.39 million, an increase of 9.90% from ¥101.36 million in 2023[20]. - The net profit after deducting non-recurring gains and losses was approximately ¥110.22 million, up 11.50% from ¥98.85 million in 2023[20]. - The basic earnings per share for 2024 was ¥0.2995, reflecting an increase of 11.01% compared to ¥0.2698 in 2023[20]. - The total assets at the end of 2024 were approximately ¥3.26 billion, a slight increase of 0.32% from ¥3.25 billion at the end of 2023[20]. - The net assets attributable to shareholders at the end of 2024 were approximately ¥2.34 billion, an increase of 1.32% from ¥2.31 billion at the end of 2023[20]. - Cash flow from operating activities for 2024 was approximately ¥66.01 million, a significant decrease of 66.51% from ¥197.09 million in 2023[20]. - The total profit amounted to ¥126,057,903.72, reflecting a growth of 12.88% year-on-year[54]. - The company's total assets increased by 0.32% to ¥3,264,081,955.16, while liabilities decreased by 2.1% to ¥928,307,562.4[54]. Revenue Breakdown - The company's carbon black products generated revenue of ¥2,703,134,999.7, accounting for 63.94% of total revenue, with a year-on-year decrease of 8.71%[60]. - The company’s coal tar processing products contributed ¥1,503,037,192.5, representing 35.55% of total revenue, with a decrease of 5.34% year-on-year[60]. - Domestic sales accounted for 89.69% of total revenue, totaling ¥3,791,939,558.0, down 9.14% from the previous year[60]. Cash Flow and Investments - Operating cash inflow decreased by 3.94% to ¥2,551,850,100.02 compared to ¥2,656,396,253.03 in 2023[75]. - Net cash flow from operating activities dropped by 66.51% to ¥66,013,027.99 from ¥197,089,105.40 in the previous year[75]. - Investment cash inflow fell by 78.49% to ¥68,660,796.28, down from ¥319,139,754.45 in 2023[75]. - Net cash flow from investment activities decreased by 84.19% to ¥11,070,657.19 compared to ¥70,030,636.44 in the prior year[75]. - Financing cash inflow decreased by 64.55% to ¥180,000,000.00 from ¥507,700,000.00 in 2023[76]. Dividend Distribution - The company plans to distribute a cash dividend of ¥1.5 per 10 shares to all shareholders, with no bonus shares issued[5]. - The total cash dividend amount, including other methods, was ¥87,214,001.79, which accounted for 69.19% of the distributable profit of ¥1,267,137,634.95[161]. - The company proposed a cash dividend of ¥1.50 per 10 shares (tax included), with a total cash dividend of ¥55,563,225.60 (tax included) based on a share base of 370,421,504 shares[160]. Research and Development - Research and development expenses decreased by 20.67% year-on-year, amounting to 31,647,889.99 yuan in 2024 compared to 39,893,803.36 yuan in 2023[71]. - The total R&D investment was 130,815,807.84 yuan, a decrease of 6.50% from 139,905,489.51 yuan in 2023[73]. - The proportion of R&D investment to operating income increased slightly to 3.09% in 2024 from 3.07% in 2023[73]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[170]. - The company strictly adheres to various environmental protection laws and regulations, including the Environmental Protection Law of the People's Republic of China[170]. - The average concentration of sulfur dioxide emissions from the company's boiler is 14.775 mg/m3, which complies with the emission standards[171]. - The company has implemented measures to ensure compliance with industrial emission standards[172]. Corporate Governance - The company has established a complete and independent governance structure, ensuring no reliance on controlling shareholders for operations[124]. - The company maintains an independent financial management system, with no assets or funds occupied by shareholders[129]. - The company has a dedicated investor relations management strategy, enhancing communication and transparency with investors[123]. - The company has a structured performance evaluation process for its directors and senior management, linking remuneration to performance metrics[142]. Risk Factors - The company faces risks from fluctuations in raw material prices, which account for approximately 80% of total production costs, potentially impacting future profitability[97]. - The company relies on stable supply and pricing of coke oven gas; any disruption could significantly affect production costs and profit margins[97]. - The company emphasizes environmental protection and compliance with regulations, but future increases in environmental standards may raise operational costs[99].